EUR/USD struggles to gain traction and trades below 1.0850 in the early European session on Thursday after closing the second consecutive day in negative territory on Wednesday.
EUR/USD stays on the back foot, trades below 1.0850 early Thursday. Safe-haven flows dominate the action in financial markets in the European session. The US Bureau of Economic Analysis will release its first estimate of Q2 GDP growth. The near-term technical outlook shows that the bearish bias remains intact. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week. Euro was the weakest against the Japanese Yen.
0850 and starts using that level as support, it could extend its recover toward 1.0880 of the latest downtrend and 1.0900 . Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day.
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